Totals
- Total revenue
- $382,699,208
- Total expenses
- $365,709,990
- Contributions and grants received
- $185,636
- Grants paid
- $36,000
- Program service revenue
- $377,048,172
- Investment income
- $5,475,012
- Other revenue
- -$9,612
- Total assets, end of year
- $610,231,065
- Total liabilities, end of year
- $59,548,288
- Net assets or fund balances, end of year
- $550,682,777
- Program services expenses (Part IX)
- $315,334,192
- Management and general expenses
- $50,375,798
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $315,334,192
Program services were 86.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$58,860
-
1f · All other contributions, gifts and grants
$126,776
-
2a · Program service revenue: NET PATIENT SERVICE REVENUE
total $372,990,775 · related or exempt $372,990,775
-
2b · Program service revenue: OTHER OPERATING REVENUE
total $4,057,397 · related or exempt $3,999,958 · unrelated business $57,439
-
3 · Investment income
total $6,446,136 · excluded $6,446,136
-
7a · Gross sales of assets other than inventory
securities $34,178,222 · other assets $22,976
-
7b · Less cost or other basis and sales expenses
securities $34,887,054 · other assets $285,268
-
7c · Gain or loss
securities -$708,832 · other assets -$262,292
-
7d · Net gain or loss
total -$971,124 · excluded -$971,124
-
8a · Fundraising events: gross income
$26,409
-
8a · Fundraising events: contributions included on line 1c
$58,860
-
8b · Fundraising events: direct expenses
$36,021
-
8c · Net income from fundraising events
total -$9,612 · excluded -$9,612
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $36,000 · program services $36,000
-
5 · Compensation of officers, directors and key employees
total $5,342,061 · program services $4,475,994 · management and general $866,067
-
7 · Other salaries and wages
total $146,735,965 · program services $124,572,477 · management and general $22,163,488
-
8 · Pension plan contributions
total $4,016,234 · program services $2,808,725 · management and general $1,207,509
-
9 · Other employee benefits
total $22,546,895 · program services $15,768,010 · management and general $6,778,885
-
10 · Payroll taxes
total $8,838,949 · program services $7,241,752 · management and general $1,597,197
-
11b · Fees: legal
total $944,259 · management and general $944,259
-
11c · Fees: accounting
total $127,100 · management and general $127,100
-
11g · Fees: other
total $33,870,693 · program services $33,378,067 · management and general $492,626
-
12 · Advertising and promotion
total $329,790 · program services $58,710 · management and general $271,080
-
13 · Office expenses
total $2,340,200 · program services $1,754,765 · management and general $585,435
-
14 · Information technology
total $10,010,317 · program services $1,470,957 · management and general $8,539,360
-
16 · Occupancy
total $8,189,592 · program services $8,158,312 · management and general $31,280
-
17 · Travel
total $638,876 · program services $164,808 · management and general $474,068
-
22 · Depreciation, depletion and amortization
total $27,544,066 · program services $24,789,660 · management and general $2,754,406
-
23 · Insurance
total $1,168,265 · program services $169,373 · management and general $998,892
-
24a · Other expenses: SUPPLIES
total $38,470,123 · program services $37,719,168 · management and general $750,955
-
24b · Other expenses: DRUGS
total $30,908,575 · program services $30,908,575
-
24c · Other expenses: BAD DEBTS
total $8,222,036 · program services $8,222,036
-
24d · Other expenses: PROVIDER TAX ASSESSMENT
total $6,579,148 · program services $6,579,148
-
24e · All other expenses
total $8,850,846 · program services $7,057,655 · management and general $1,793,191
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $25,199,223 · end of year $42,271,137
-
4 · Accounts receivable
beginning of year $52,314,456 · end of year $54,626,393
-
8 · Inventories for sale or use
beginning of year $7,458,891 · end of year $7,215,072
-
9 · Prepaid expenses and deferred charges
beginning of year $5,879,837 · end of year $4,765,616
-
10a · Land, buildings and equipment: cost or other basis
$600,190,982
-
10b · Land, buildings and equipment: accumulated depreciation
$369,707,010
-
10c · Land, buildings and equipment, net
beginning of year $233,179,390 · end of year $230,483,972
-
11 · Investments: publicly traded securities
beginning of year $238,540,104 · end of year $260,037,438
-
15 · Other assets
beginning of year $11,345,824 · end of year $10,831,437
-
17 · Accounts payable and accrued expenses
beginning of year $32,490,522 · end of year $32,504,426
-
25 · Other liabilities
beginning of year $22,628,597 · end of year $27,043,862
-
27 · Net assets without donor restrictions
beginning of year $516,206,464 · end of year $548,015,008
-
28 · Net assets with donor restrictions
beginning of year $2,592,142 · end of year $2,667,769
Mission and programs · 2022
Mission
FROEDTERT SOUTH, INC. IS COMMITTED TO LIVING OUT THE HEALING MINISTRIES OF THE JUDEO-CHRISTIAN FAITHS BY PROVIDING EXCEPTIONAL AND COMPASSIONATE HEALTHCARE SERVICES THAT PROMOTES THE DIGNITY AND WELL-BEING OF THE PEOPLE WE SERVE. THIS IS OUR MISSION AND OUR REASON FOR BEING. WE STRIVE TO RECRUIT AND RETAIN THE BEST PHYSICIANS AND STAFF AND PURCHASE THE BEST DIAGNOSTIC AND CURATIVE MEDICAL EQUIPMENT THAT OUR FINANCIAL RESOURCES WILL PERMIT. WE ALSO STRIVE TO BE ACCESSIBLE TO ALL MEMBERS OF OUR COMMUNITY WITH EMERGENT AND URGENT HEALTHCARE NEEDS, IRRESPECTIVE OF THEIR ABILITY TO PAY. THIS IS OUR COMMITTMENT TO THE QUALITY, ACCESSIBILITY AND AFFORDABILITY FUNDAMENTALS AFFECTING THE DELIVERY OF HEALTHCARE.
Activities or mission (Part I)
FROEDTERT SOUTH, INC. IS A COMPREHENSIVE REGIONAL HEALTHCARE SYSTEM THAT HAS SERVED SOUTHEASTERN WISCONSIN AND NORTHERN ILLINOIS COMMUNITIES FOR MORE THAN 100 YEARS. FROEDTERT SOUTH PROVIDES SERVICES PRIMARILY THROUGH THE FROEDTERT KENOSHA HOSPITAL AND THE FROEDTERT PLEASANT PRAIRIE HOSPITAL AND SEVERAL OTHER CLINIC LOCATIONS.WE, AT FROEDTERT SOUTH, ARE COMMITTED TO LIVING OUT THE HEALING MINISTRIES OF THE JUDEO-CHRISTIAN FAITHS BY PROVIDING EXCEPTIONAL AND COMPASSIONATE HEALTHCARE SERVICES THAT PROMOTES THE DIGNITY AND WELL BEING OF THE PEOPLE WE SERVE. THIS IS OUR MISSION AND OUR REASON FOR BEING.
-
ACUTE CARE HOSPITAL THAT PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO ITS COMMUNITY. 2022 CHARITY CARE $3,656,071. CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTH SERVICES PROVIDED TO THOSE WHO CANNOT AFFORD TO PAY AND WHO MEET ALL CRITERIA FOR FINANCIAL ASSISTANCE. CHARITY CARE IS BASED ON ACTUAL COSTS, NOT CHARGES, AND DOES NOT INCLUDE BAD DEBT. UNREIMBURSED COST OF PUBLIC PROGRAMS $38,450,431. UNREIMBURSED COST OF PUBLIC PROGRAMS IS DEFINED AS THE SHORTFALL EXPERIENCED WHEN PAYMENTS RECEIVED ARE BELOW THE COST OF TREATING PUBLIC BENEFICIARIES THROUGH MEDICAID AND OTHER LOCAL PUBLIC PROGRAMS. COMMUNITY HEALTH IMPROVEMENT SERVICES $344,064. COMMUNITY HEALTH IMPROVEMENT SERVICES ARE DEFINED AS CLINICAL AND NON-CLINICAL SERVICES DESIGNED TO IMPROVE COMMUNITY HEALTH, WHICH ARE PROVIDED TO THE COMMUNITY FOR FREE OR FOR FEES THAT DID NOT COVER COSTS. FINANCIAL CONTRIBUTIONS $3,638. FINANCIAL CONTRIBUTIONS ARE DEFINED AS CONTRIBUTIONS, INCLUDING CASH, NON-CASH ITEMS SUCH AS FOOD, FURNITURE, EQUIPMENT, SUPPLIES, AND LOANED STAFF FOR VOLUNTEER AND CHARITABLE PURPOSES, MADE TO INDIVIDUALS, COMMUNITY GROUPS, OR NONPROFIT ORGANIZATIONS FOR CHARITABLE PURPOSES. HEALTH PROFESSIONS EDUCATION $4,548. HEALTH PROFESSIONS EDUCATION IS DEFINED AS DIRECT COSTS INCURRED FOR ACCREDITED TRAINING AND EDUCATION PROGRAMS FOR PHYSICIANS, NURSES, ALLIED HEALTH PROFESSIONALS AND TECHNICIANS (DOES NOT INCLUDE ONGOING EDUCATION FOR STAFF). COMMUNITY BUILDING ACTIVITIES $353,487. COMMUNITY BUILDING ACTIVITIES ARE DEFINED AS PROGRAMS THAT, WHILE NOT DIRECTLY RELATED TO HEALTH CARE, PROVIDE OPPORTUNITIES TO ADDRESS THE ROOT CAUSES OF HEALTH PROBLEMS, SUCH AS POVERTY, HOMELESSNESS, AND ENVIRONMENTAL ISSUES. COSTS FOR THESE ACTIVITIES INCLUDE CASH AND IN-KIND DONATIONS. COMMUNITY BENEFIT OPERATIONS $1,365. COMMUNITY BENEFIT OPERATIONS ARE DEFINED AS COSTS ASSOCIATED WITH DEDICATED STAFF AND COMMUNITY HEALTH NEEDS AND/OR ASSETS ASSESSMENT, AS WELL AS, OTHER COSTS ASSOCIATED WITH COMMUNITY BENEFIT STRATEGY AND OPERATIONS. TOTAL BENEFIT TO THE COMMUNITY FOR 2022 $42,813,604.
Expenses $315,334,192 · Grants $36,000 · Revenue $376,990,733
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Richard O Schmidt JrRICHARD O SCHMIDT JR
PRESIDENT/CEO/DIRECTOR
- Total calculated
- $1,748,179
- From this org
- $1,612,606
- From related orgs
- $0
- Other
- $135,573
- Hours/week
- 45 + 2 related
Schedule J breakdown matched by us
- Base
- $1,095,580
- Bonus
- $481,770
- Other
- $35,256
- Deferred
- $115,250
- Nontaxable benefits
- $20,323
- Filer's total
- $1,748,179
-
Goya V RaikarGOYA V RAIKAR
PHYSICIAN
- Total calculated
- $1,632,635
- From this org
- $1,589,864
- From related orgs
- $0
- Other
- $42,771
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,587,721
- Bonus
- $0
- Other
- $2,143
- Deferred
- $15,250
- Nontaxable benefits
- $27,521
- Filer's total
- $1,632,635
-
David A KnightDAVID A KNIGHT
PHYSICIAN
- Total calculated
- $909,142
- From this org
- $902,036
- From related orgs
- $0
- Other
- $7,106
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $654,100
- Bonus
- $246,790
- Other
- $1,146
- Deferred
- $3,324
- Nontaxable benefits
- $3,782
- Filer's total
- $909,142
-
Neil A SheplerNEIL A SHEPLER
PHYSICIAN
- Total calculated
- $885,204
- From this org
- $859,470
- From related orgs
- $0
- Other
- $25,734
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $331,917
- Bonus
- $521,444
- Other
- $6,109
- Deferred
- $11,537
- Nontaxable benefits
- $14,197
- Filer's total
- $885,204
-
Brian C HillBRIAN C HILL
PHYSICIAN
- Total calculated
- $829,878
- From this org
- $794,810
- From related orgs
- $0
- Other
- $35,068
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $521,150
- Bonus
- $272,912
- Other
- $748
- Deferred
- $15,250
- Nontaxable benefits
- $19,818
- Filer's total
- $829,878
-
George T PoulletteGEORGE T POULLETTE
PHYSICIAN
- Total calculated
- $817,578
- From this org
- $768,980
- From related orgs
- $0
- Other
- $48,598
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $341,585
- Bonus
- $424,105
- Other
- $3,290
- Deferred
- $15,250
- Nontaxable benefits
- $33,348
- Filer's total
- $817,578
-
Mario Garretto MDMARIO GARRETTO MD
DIRECTOR/PHYSICIAN
- Total calculated
- $794,072
- From this org
- $757,508
- From related orgs
- $0
- Other
- $36,564
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $644,652
- Bonus
- $102,588
- Other
- $10,268
- Deferred
- $15,250
- Nontaxable benefits
- $21,314
- Filer's total
- $794,072
-
Susan VenturaSUSAN VENTURA
SVP/COO
- Total calculated
- $765,751
- From this org
- $711,609
- From related orgs
- $0
- Other
- $54,142
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $571,393
- Bonus
- $112,962
- Other
- $27,254
- Deferred
- $40,250
- Nontaxable benefits
- $13,892
- Filer's total
- $765,751
-
Linda WohlgemuthLINDA WOHLGEMUTH
ASST SECRETARY/SVP-COO
- Total calculated
- $755,128
- From this org
- $700,147
- From related orgs
- $0
- Other
- $54,981
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $570,383
- Bonus
- $112,962
- Other
- $16,802
- Deferred
- $40,250
- Nontaxable benefits
- $14,731
- Filer's total
- $755,128
-
Thomas KelleyTHOMAS KELLEY
ASST TREASURER/VP-CFO
- Total calculated
- $756,754
- From this org
- $682,284
- From related orgs
- $0
- Other
- $74,470
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $567,337
- Bonus
- $112,962
- Other
- $1,985
- Deferred
- $40,250
- Nontaxable benefits
- $34,220
- Filer's total
- $756,754
-
Thomas Ambro MDTHOMAS AMBRO MD
DIRECTOR/PHYSICIAN
- Total calculated
- $432,785
- From this org
- $390,065
- From related orgs
- $0
- Other
- $42,720
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $386,508
- Bonus
- $0
- Other
- $3,557
- Deferred
- $15,250
- Nontaxable benefits
- $27,470
- Filer's total
- $432,785
-
Dr F Gregory CampbellDR F GREGORY CAMPBELL
CHAIRMAN (THRU OCT 2022)
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Mike GentileMIKE GENTILE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Brian AlbrechtBRIAN ALBRECHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Todd BattleTODD BATTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark BehlMARK BEHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Catherine JacobsonCATHERINE JACOBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Robert Lee JrROBERT LEE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas P MahoneyTHOMAS P MAHONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Harold W MayerHAROLD W MAYER
DIRECTOR (THRU OCT 2022)
- Total calculated
- $0
- Hours/week
- 2
-
Michael PittsMICHAEL PITTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David R RileyDAVID R RILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary Zaid MDGARY ZAID MD
DIRECTOR/PHYSICIAN
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4B
- INDIVIDUAL ELIGIBLE EMPLOYEES MAY PARTICIPATE IN A 457F PLAN. THE ORGANIZATION DOES NOT CONTRIBUTE TO THIS PLAN. THE FOLLOWING INDIVIDUALS PARTICIPATE IN THE PLAN: RICHARD SCHMIDT, NEIL SHEPLER, SUSAN VENTURA, LINDA WOHLGEMUTH, AND THOMAS KELLEY.
- PART I, LINE 7
- REPORTS DISCRETIONARY INCENTIVE AMOUNTS THAT WERE APPROVED BY THE BOARD BASED UPON PERFORMANCE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · HEALTHCARE · WI · controlled entity
Directly controlled by FROEDTERT SOUTH INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411289349302421
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.